XORPsource raises $5 million in first round for open-source routing software

XORPsource has raised $5 million in first-round funding for its open-source routing software business. The company is based in Santa Clara, Calif., and does not yet have a web site. Investors include Highland Capital Partners and Onset Ventures. The firm is headed by Vivek Ragavan,… Continue Reading

FCC gets $10 billion minimum for wireless auction — but who is Triad?

updated with info on who is behind Triad

The Federal Communications Commission has gotten bids for more than the minimum of $10 billion it had set for its 700-megahertz spectrum auction, and there’s word that AT&T has been an active bidder.

Google and Verizon are also assumed… Continue Reading

ANDA Networks files for Nasdaq IPO

In one of the last tech filings of the year, ANDA Networks has applied for an initial public offering on the Nasdaq that could raise almost $90 million.

ANDA manufactures equipment used by telecom carriers (primarily Verizon) to provide high-speed broadband to their customers. Founded in… Continue Reading

Going, a networking site for urban events

Going, a networking site for urban events

Going.com, a Boston-based networking site centered around urban events, has grown rapidly since it launched in June of last year.

The site, which tomorrow changes its name to Going (away from HeyLetsGo.com), says it has 220,000 unique monthly visitors to the site. The numbers, while not… Continue Reading

Bolt hosed, shows the risks of video

Bolt hosed, shows the risks of video

GoFish, a video-sharing site much like YouTube, has acquired another video site, Bolt, to save that company from lawsuits that threatened to sink it.

The $30 million transaction, first reported by the NYT, is reportedly being used by New York’s Bolt to pay a settlement of… Continue Reading